Matador to Launch Inaugural Gold Offering in Q1 2025, Bridging Physical Gold with Digital Art on Bitcoin
20 January 2025 - 11:30PM
Matador Technologies Inc. (“Matador” or the “Company”) (TSXV: MATA)
announces plans to release its first gold product in early 2025,
blending physical gold ownership with digital art. The Board of
Directors has unanimously approved pairing its digital gold product
with digital art on the Bitcoin blockchain via Ordinals technology.
The Company acquires its gold through a partnership with Kitco
Metals Inc., sourcing directly from the Royal Canadian Mint to
ensure reliability and quality. All gold held by the Company is
securely held by the Royal Canadian Mint who acts as Matador’s
custodian.
Matador’s goal is to breathe new life into a
traditional asset by making it more engaging. The offering is
designed to invite both seasoned gold buyers and those simply
curious about the broader possibilities of emerging technologies.
By pairing tangible gold with digital art, Matador provides a truly
modern take on precious metals.
Deven Soni, CEO of Matador, says the Company has
been working on “making gold great again” since late 2021 and is
eager to bring this concept to the market. This launch is part of a
larger vision to merge traditional finance with progressive digital
tools, as demonstrated by Matador’s recent decision to add Bitcoin
to its balance sheet.
As announced in a press release dated January
13, 2025, Matador completed the acquisition of approximately 29
bitcoins for a total purchase price of CAD$4.5 million in cash.
This purchase was part of Matador’s strategy to adopt Bitcoin as
the platform for its upcoming gold product launch to ensure its
digital gold platform operates on the most secure and stable
technology available.
Matador’s continued efforts to bridge
traditional assets like gold and new technologies reflect its
commitment to delivering a secure, accessible platform for users of
all backgrounds.
For additional information, please contact:
Media Contact:Sunny RayPresidentEmail:
sunny@matador.networkPhone: 647-932-2668
About Matador
Matador Technologies Inc. is a digital gold
platform leveraging blockchain technology to digitize real-world
assets like gold. Focused on building innovative financial
solutions, Matador is at the forefront of integrating blockchain
technology to preserve and grow value. Matador’s digital gold
platform aims to democratize the gold buying experience, combining
the best of modern technology and time-proven assets, to create an
app that will allow users to buy, sell, and store gold 24/7 in a
fun and engaging way.
Cautionary Statement Regarding
Forward-Looking Information
NEITHER THE TSX VENTURE EXCHANGE NOR ITS
REGULATION SERVICES PROVIDER (AS THAT TERM IS DEFINED IN THE
POLICIES OF THE TSX VENTURE EXCHANGE) ACCEPTS RESPONSIBILITY FOR
THE ADEQUACY OR ACCURACY OF THIS RELEASE.
This news release does not constitute an offer
to sell or the solicitation of an offer to buy any securities in
any jurisdiction.
Forward Looking Statements – Certain information
set forth in this news release may contain forward-looking
statements that involve substantial known and unknown risks and
uncertainties, including risks associated with the implementation
of the Company's treasury management strategy and the launch of its
mobile application as currently proposed or at all. These
forward-looking statements are subject to numerous risks and
uncertainties, certain of which are beyond the control of the
Company, including with respect to the potential acquisition of
Bitcoin and/or US dollars, the pricing of such acquisitions and the
timing of future operations. Readers are cautioned that the
assumptions used in the preparation of such information, although
considered reasonable at the time of preparation, may prove to be
imprecise and, as such, undue reliance should not be placed on
forward-looking statements.
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